Liberty Media issue statement as EU launches investigation into F1 owner

Liberty Media has issued a statement in response to the European Union launching an investigation into its bid to buy MotoGP. 

The EU Commission - the executive arm of the bloc - has opened a Phase II investigation into the proposed takeover of Dorna Sports by Liberty Media, which would bring F1 and MotoGP under the same ownership umbrella.

The EU believes this move could stunt free competition when it comes to broadcasting rights, with a final decision needing to be made by May 14th, 2025 after 90 working days.

In response to the investigation being opened, Liberty Media, which purchased F1 ahead of the 2017 season released the following statement. 

"Liberty Media today received notice from the European Commission opening a Phase II investigation into its previously announced acquisition of MotoGP," it read.

"We are confident this transaction will benefit MotoGP’s business, fans, viewers and the broader motorcycle industry. Market participants have widely recognized the benefits of the transaction. 

"There is a very large and growing market for audiovisual entertainment well beyond sports, and this transaction will enhance MotoGP’s ability to compete in this highly competitive market.

"We will continue to work with the European Commission as they progress their review and have agreed with the sellers to an extension of the longstop date to June 30, 2025 in order to accommodate the more in-depth investigation.

"We believe that the European Commission will conclude that the transaction should be approved."